P.O.A.

Phone enquiry code for this property : 6126
CALLING ALL DEVELOPERS & INVESTORS !

PRIME FREEHOLD BOUTIQUE DEVELOPMENT SITE 627m2 parcel of land.

Impressive HOLDING INCOME $151,214pa.

ZONING
High Density Residential.
RD7 - Residential Density permits 1-bed per 25 m2.
North facing Water Views.
Unique Corner Block allowing separate ingress & egress for developers

Blue Chip Investment for future development offering panoramic water views and Hinterland sunsets. Strong holding income allows multiple commercial options, including maintaining current business, multi-level residential with ground floor commercial/retail redevelopment.(STCA)

Opportunities like this one only come up once in a generation, so do not delay.

CURRENT impressive Income summary over $135,000 pa.

Unit 1$580pw

Unit 2$410pw

Unit 3$400pw

Unit 4$560pw

Unit 5$550pw

Unit 6$400pw

Block of Six units on One title providing reduced

Council Rates 2023 @ $8140 pa
Water Rates 2023 @ $10,422 pa
Body Corporates Fees $0.00 pa 6 units on one title

General Features
Bedrooms: 9 with built-in robes & ceiling fans.
Living and Bedroom areas tiled throughout.
Bathrooms: 6
Car Spaces: 7
Garage with attached bathroom: 1
Communal coin laundry

Other Features
3 minute walk to Woolworths & Cavill Shopping Mall.
4 minute walk to light Rail.
6 minute walk to Beach

Phone enquiry code for this property : 6126